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Finance

Finance network separation rules eased, fueling 140 trillion won fintech investment

South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.

AI & Enterprise

How retail investors can gain pre-IPO exposure to Anthropic via ETFs and funds

As generative AI company Anthropic remains private, ETFs and closed-end funds are drawing attention as routes for retail investors seeking pre-IPO exposure. The article notes that these products do not invest directly in Anthropic, so investors should check how much of their money is allocated to the stake, along with costs and liquidity. Several ETFs and closed-end funds are cited as holding Anthropic, but portfolio weights can be limited.

Industry

China\'s SpaceSail raises 1.4 trillion won to speed up race to catch up with Starlink

China\'s satellite internet startup SpaceSail has raised about 7 billion yuan, or roughly 1.4 trillion won, to accelerate expansion of its low-Earth orbit satellite network, South China Morning Post reported. The Series B funding values the company at about 50 billion yuan and involved 18 investors. SpaceSail has rapidly increased its satellite count, but remains far behind Starlink. It has also begun overseas expansion, including regulatory approval in Brazil.